Gulf International Bank UK Ltd boosted its position in U.S. Bancorp (NYSE:USB – Free Report) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,030 shares of the financial services provider’s stock after purchasing an additional 13,092 shares during the quarter. Gulf International Bank UK Ltd’s holdings in U.S. Bancorp were worth $6,214,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in USB. Vestor Capital LLC raised its stake in U.S. Bancorp by 1.5% during the fourth quarter. Vestor Capital LLC now owns 17,179 shares of the financial services provider’s stock valued at $744,000 after buying an additional 253 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its position in shares of U.S. Bancorp by 1.4% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 19,223 shares of the financial services provider’s stock worth $832,000 after purchasing an additional 265 shares during the period. Wealth Alliance raised its position in shares of U.S. Bancorp by 0.5% during the 4th quarter. Wealth Alliance now owns 49,229 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 266 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of U.S. Bancorp by 8.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,757 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 285 shares during the period. Finally, United Community Bank raised its position in shares of U.S. Bancorp by 0.7% during the 4th quarter. United Community Bank now owns 40,371 shares of the financial services provider’s stock worth $1,747,000 after purchasing an additional 289 shares during the period. 77.60% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on USB shares. Wells Fargo & Company decreased their price objective on U.S. Bancorp from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Jefferies Financial Group increased their price objective on U.S. Bancorp from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Compass Point raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $49.00 in a report on Friday, March 22nd. Oppenheimer decreased their price objective on U.S. Bancorp from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Finally, HSBC raised U.S. Bancorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $53.00 in a report on Thursday, March 28th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.02.
Read Our Latest Stock Analysis on U.S. Bancorp
U.S. Bancorp Stock Performance
Shares of U.S. Bancorp stock opened at $39.70 on Friday. U.S. Bancorp has a fifty-two week low of $30.47 and a fifty-two week high of $45.85. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.82 and a quick ratio of 0.81. The firm has a market capitalization of $61.95 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.77 and a beta of 1.04. The company’s 50 day moving average price is $40.40 and its two-hundred day moving average price is $41.71.
U.S. Bancorp (NYSE:USB – Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.71 billion. U.S. Bancorp had a net margin of 12.13% and a return on equity of 13.93%. U.S. Bancorp’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.16 earnings per share. On average, equities analysts forecast that U.S. Bancorp will post 3.85 earnings per share for the current fiscal year.
U.S. Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, June 28th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.94%. U.S. Bancorp’s dividend payout ratio (DPR) is presently 64.90%.
U.S. Bancorp Profile
U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.
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